218 PEARL ST Norristown, PA 19401

This is a fully rented grandfathered rooming house with 6 rented units. This is a rare opportunity to acquire an income producing commercial residential property in Norristown. Gross rent pcm $2,820.00 with room for improvement. Property is professionally managed and all leases transfer. Rooms are in varying degrees of repair depending on when they last changed hands. Listing agent must be present for all showings and 48hr notice is required with proof of funds from the buyer. Property is being sold "As-Is", inspections permitted for informational purposes only, no seller repairs/credits from agreed contract price. Buyer is responsible for U&O Certification from Norristown and any required repairs. Seller is liquidating two properties to fund a different investment. Please see: MLS# PAMC2005036 for 144 W. Marshall St. listing. Preference to a buyer willing to acquire both properties.